Oct 23, 2018

Budget 2018: How does the government collect and spend our money?

The government raises and spends just under £800bn a year. It includes spending on state pensions, which has taken a rising share of government spending since 2008. With an 18.5% share of the government budget, health is the next biggest government outlay. Since 1999, devolved administrations have been responsible for spending on certain policy areas, including education and local government. The Scottish government is to set out its draft budget on 12 December.

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